Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Exelixis Inc (NASDAQ: EXEL) improved recently. EXEL’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Exelixis Inc (NASDAQ: EXEL) stock increased 1.3% on 1/12/24. The shares closed at $22.70. However, trading volume in this advance was below average at 79% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EXEL is expected to continue to be an important Value Builder.
Exelixis has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Exelixis has a neutral Appreciation Score of 56 but a good Power Rating of 78, leading to the Positive Value Trend Rating.
Be the first to comment